System and Method for Transferring Funds from a Sender Associated with a First Country Having a First Currency to a Recipient Associated with a Second Country Having a Second Currency

1. A computer system for transforming funds from a first currency to a second currency and transferring the funds to a desired recipient, said system comprising: an account card associated with the recipient; a mobile communication device associated with the recipient; a recipient workstation having a display device and an input device for setting up an account for the recipient and for activating a first toggle button to suspend further use of said account card in the event said account card is lost or stolen until the recipient recovers said account card and activates a second toggle button to enable further use of said account card; a sender workstation having a display device and an input device for entering transaction information into a customer module of software wherein the transaction information includes an identification of the recipient, a mobile alert number for communicating with the recipient, a customized message to be sent to the mobile communication device upon a sender confirming a transaction associated with the recipient so that the recipient is notified that the funds have been transferred for access by the recipient using said account card, an amount to be transferred in the first currency, and an identification of the second currency of the funds to be transferred; an account network in communication with said sender workstation, said account network including one or more servers operating a database for storing the transaction information and associating said transaction information with a unique sender account number and available funds for transfer by the sender wherein the available funds are in the first currency; and a plurality of converter workstations in communication with said account network, each of said converter workstations associated with one of a plurality of different currency converters and having an input device for entering converter information into a conversion module of the software wherein the converter information includes a unique converter identification number and a conversion rate for converting the funds from the first currency to the second currency, wherein the customer module displays on said display device of said sender workstation to the sender the conversion rates of the plurality of different currency converters thereby allowing the sender to select the conversion rate and associated currency converter for transferring the funds to the recipient, wherein the conversion module of the software is configured to: display to a first currency converter of the plurality of different currency converters first graphical time-based trend information attributed to the first currency converter, wherein the first graphical time-based trend information is based on a number of transactions in which senders selected the conversion rate of the first currency converter or is based on amounts converted by the first currency converter; and display to a second currency converter of the plurality of different currency converters second graphical time-based trend information attributed to the second currency converter, wherein the second graphical time-based trend information is based on a number of transactions in which senders selected the conversion rate of the second currency converter or is based on amounts converted by the second currency converter.

2. The computer system for transforming funds from a first currency to a second currency and transferring the funds to a desired recipient of claim 1 , wherein the one or more servers comprise one or more bank servers in communication with one or more banks for providing a conversion rate.

3. The computer system for transforming funds from a first currency to a second currency and transferring the funds to a desired recipient of claim 1 , wherein the one or more servers comprise a first bank server in communication with the sender workstation and a second bank server in communication with a recipient workstation.

4. The computer system for transforming funds from a first currency to a second currency and transferring the funds to a desired recipient of claim 1 , further comprising an account card machine for dispensing the funds to the recipient having said account card.

5. The computer system for transforming funds from a first currency to a second currency and transferring the funds to a desired recipient of claim 4 , wherein the account card machine is an ATM.

6. The computer system for transforming funds from a first currency to a second currency and transferring the funds to a desired recipient of claim 1 , further comprising an account database for storing the sender account information and the recipient account information.

7. The computer system for transforming funds from a first currency to a second currency and transferring the funds to a desired recipient of claim 1 , wherein the currency converter comprises a financial institution computer system.

8. A computer implemented method for transforming funds from a first currency to a second currency and transferring the transformed funds to a recipient having an account card and a mobile communication device, said method comprising: providing a software application operational at least in part on a network including a server for receiving and transmitting a plurality of converter options; receiving transaction information from a sender workstation in communication with the network including an identification of the recipient, a mobile alert number for communicating with the recipient, a customized message to be sent to the mobile communication device upon a sender confirming a transaction associated with the recipient so that the recipient is notified that the funds have been transferred for access by the recipient using the account card, an amount of the funds in the first currency to be transferred, and an identification of the second currency; establishing an account for the recipient so that the recipient is able to activate a first toggle button to suspend further use of the account card in the event the account card is lost or stolen until the recipient recovers the account card and activates a second toggle button to enable further use of the account card; storing the transaction information and associating the transaction information with a unique sender account number; receiving the plurality of converter options from a plurality of different currency converters including, receiving from each of the plurality of different currency converters, a conversion rate for converting the funds from the first currency to the second currency; transmitting to the sender workstation the conversion rates of the plurality of different currency converters so that the conversion rates can be displayed to the sender on the sender workstation thereby allowing the sender to select the conversion rate and associated currency converter for transferring the funds to the recipient; transmitting to a first currency converter of the plurality of different currency converters first graphical time-based trend information attributed to the first currency converter so that the first graphical time-based trend information can be displayed to the first currency converter on a first converter workstation in communication with the network, wherein the first graphical time-based trend information is based on a number of transactions in which senders selected the conversion rate of the first currency converter or is based on amounts converted by the first currency converter; and transmitting to a second currency converter of the plurality of different currency converters second graphical time-based trend information attributed to the second currency converter so that the second graphical time-based trend information can be displayed to the second currency converter on a second converter workstation in communication with the network, wherein the second graphical time-based trend information is based on a number of transactions in which senders selected the conversion rate of the second currency converter or is based on amounts converted by the second currency converter.

9. The computer implemented method for transforming funds from a first currency to a second currency and transferring the transformed funds to a recipient of claim 8 , wherein the plurality of converter options are provided by a plurality of money conversion entities.

10. The computer implemented method for transforming funds from a first currency to a second currency and transferring the transformed funds to a recipient of claim 8 , further comprising, storing the transaction information and sender account number in a database associated with the software application.

11. The computer implemented method for transforming funds from a first currency to a second currency and transferring the transformed funds to a recipient of claim 8 , further comprising: selecting the conversion rate and associated currency converter; converting the funds from the first currency to the second currency based on the conversion rate; transferring the funds to a location identified by the sender; and withdrawing the funds in the second currency by the recipient.

12. The computer implemented method for transforming funds from a first currency to a second currency and transferring the transformed funds to a recipient of claim 8 , further comprising, selecting the conversion rate and associated currency converter.

13. The computer implemented method for transforming funds from a first currency to a second currency and transferring the transformed funds to a recipient of claim 8 , further comprising, using the account card to withdraw the funds from an account card machine.

14. The computer implemented method for transforming funds from a first currency to a second currency and transferring the transformed funds to a recipient of claim 13 wherein the account card machine is an ATM.

15. A computer implemented method for transforming funds from a first currency to a second currency and transferring the transformed funds to a recipient having an account card and a mobile communication device, said method comprising: providing a money conversion system comprising a software application operational at least in part on a network including a server for receiving and transmitting a plurality of converter options; eliciting from a plurality of different converter entities the plurality of converter options for converting the first currency to the second currency; establishing an account for the recipient so that the recipient is able to activate a first toggle button to suspend further use of the account card in the event the account card is lost or stolen until the recipient recovers the account card and activates a second toggle button to enable further use of the account card; receiving transaction information from a sender workstation in communication with the network including an identification of the recipient, a mobile alert number for communicating with the recipient, a customized message to be sent to the mobile communication device upon a sender confirming a transaction associated with the recipient so that the recipient is notified that the funds have been transferred for access by the recipient using the account card, an amount of the funds in the first currency to be transferred, and an identification of the second currency; receiving the plurality of converter options from the plurality of different converter entities including a conversion rate for converting the funds from the first currency to the second currency; transmitting to the sender workstation the plurality of converter options so that the plurality of converter options can be displayed to the sender on the sender workstation; transmitting to a first converter entity of the plurality of different converter entities first graphical time-based trend information attributed to the first converter entity so that the first graphical time-based trend information can be displayed to the first converter entity on a first converter workstation in communication with the network, wherein the first graphical time-based trend information is based on a number of transactions in which senders selected the conversion rate of the first converter entity or is based on amounts converted by the first converter entity; and transmitting to a second converter entity of the plurality of different converter entities second graphical time-based trend information attributed to the second converter entity so that the second graphical time-based trend information can be displayed to the second converter entity on a second converter workstation in communication with the network, wherein the second graphical time-based trend information is based on a number of transactions in which senders selected the conversion rate of the second converter entity or is based on amounts converted by the second converter entity.

16. The computer implemented method for transforming funds from a first currency to a second currency and transferring the transformed funds to a recipient of claim 15 further comprising, assigning and storing a unique transaction code for the transfer of the funds.

17. The computer implemented method for transforming funds from a first currency to a second currency and transferring the transformed funds to a recipient of claim 15 further comprising, assigning and storing a unique transaction code for the transfer of the funds.

18. The computer implemented method for transforming funds from a first currency to a second currency and transferring the transformed funds to a recipient of claim 15 further comprising, the sender selecting the location for receipt of the funds in the second currency.

19. The computer implemented method for transforming funds from a first currency to a second currency and transferring the transformed funds to a recipient of claim 15 further comprising, the recipient using the account card to withdraw the funds from an ATM.